China publishes rules for Shanghai-London Stock Connect

By Reuters&bullet;
last updated:
12/10/2018

HONG KONG (Reuters) - China's securities regulator on Friday published rules for the long-awaited cross-border stock connect scheme between Shanghai and London as deregulation is stepped up, with no sign that an escalating trade war with the United States will slow the pace.

Unlike the stock connect scheme linking Shanghai and Hong Kong, which allows investors to buy overseas stocks directly, the Shanghai-London connect only allows investors to buy foreign stocks indirectly, in the form of depository receipts (DRs).